U.S. News
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Goldman Sachs Group Inc., whose shares have fallen 43 percent this year, may report its lowest quarterly profit since the 2008 financial crisis. Far from Wall Street, Wells Fargo & Co. is headed for record earnings.
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U.S. stock futures fell, indicating the Standard & Poor’s 500 Index will trim its biggest gain since August, before Alcoa Inc. kicks off the earnings season and Slovakia votes on expanding the European bailout fund.
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The bond market indicator that has predicted every U.S. recession since 1970 shows that the economy has about a 60 percent chance of contracting within 12 months.
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The four biggest U.S. banks are encouraging their most creditworthy customers to take on more debt, mailing credit-card balance-transfer offers with rates as low as zero percent even as they add fees for other services.